Polymer Banknotes Behind Restructuring, Layoffs at Canadian Banknote Printer
The restructure of the company’s banknote printing operations was not an easy decision. G&D acknowledges the fine work the team has produced over the years.
Giesecke & Devrient remains committed to carrying on other business opportunities in Canada including the production and personalization of payment and ID card systems for the Canadian market.
About Giesecke & Devrient
Giesecke & Devrient (G&D) is a leading international technology provider headquartered in Munich, Germany. Founded in 1852, the Group now has a workforce of over 10,000 employees and generated sales of EUR 1.7 billion in fiscal 2010. 61 subsidiaries and joint ventures in 32 countries ensure customer proximity worldwide. In all its markets, G&D is a global leader and pioneering innovator in the production and processing of banknotes and banknote paper, security documents, identification systems and smartcard-based solutions. As an end-to-end provider of mobile security applications, G&D develops and sells hardware, software, and services for banks, mobile network operators, public transportation companies, business enterprises, and OEM.